St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-05

NEW YORK. April 4.-Money on call loan at
41$@0S, closing offered at 5. Prime mercantile
paper 51a061a. Sterling exchange dull but
steady at $4.S4s4 for siXty-day bills and 1862
fol-. demand. The new week at the stock ex-
change opened with an active and strong
market and with the coal stocks the PAL ticular
feature. A free buying movement took
place. which included operations for bo.h
foreign and local spectators, who with great
unanimity were in favor of a general ad-
vance. There were few purchases for out
side investors and the buying still partook Of
the professional, character which has distin-
guished the trading for so long 81 time. Never
theesS the days business was the largest so
far this year, and the transactions had the
appearance OF a genuine bull movement.
The coal stocks, especially Reading and Jer-
sey Central, became most conspicuous by
reason of their activity and strength, stimu-
lated by rumor that a basis of settlement
had been agreed upon between them, and
that all the coal companies would work to-
gether 10 maintain prices. The earnings re-
ported were an element in giving confidence,
and the prospects of the transcontinental
lines under the advanced rates also aided in
producing this effect The traders INDUCED
in extensive realiZations, but the market re-
ceived no support from the leaders, and the
gains in most cases were confined to fractions
The opening was strong, with first prices 80
81 per cent. above the Closing figures
Some feverishness and irregularity were
displayed in the early dealings, but the
market soon became strong under the lead of
Reading and Fort Worth g. Denver, to which
was added Jersey Central later in the day.
The advance met with several set backs.
Advances were confined to small fractions in
the general list and a general reaction took
place before noon, but later the strong tone
reappeared. A slight weakness was notice
able in some stocks in the last hour, but the
market was strong with the close, generally
up to the best of the day. Most of the active
list are higher this evening. Reading is up
2; Jersey Central, IA; Pacific Mail, ~; San
Francisco preferred, l per cent. Chicago,
St. Louis & Pittsburg preferred lost
13S and Hooking Coal ! per cent.
Railroad bonds also showed a marked increase
in the amount of business done. Sales to-
day were So. 32l, 600. The most active issues
were Fort Worts s. Denver lists, Sales $685.
600 and Green Bay incomes Sl69.G00. The
market was strong throughout and closing
prices almost invariably show1.adyanceS. A
noted exception is Detroit, Bay City s. Alpena
lists, which declined to 102. Jersey Central
debentures rose to ss1a, Hooking Valiy 2 to
SO, Southern extensions lists So to SO, and
Shenandoah Valley general Is AZ to 421a.
Both government and state bonds were dull
and steady. The total sales of stocks to-day
were $50, 772 shares, including:
Canada Southern $3.50 N. Y. Central. 3,475
c., St. La p. pfd $3.50 Ohio MisS..... 6, 425
Del. Lack. & W.. $500 Pacific Mail. go. 4,21O
Erie. AS, 565 Reading. 500. .I69, $3.50
Kan. s. Texas. 9,550ISt Paul. .43. 701
Lake Shore. -. %, 2S5 st. P. s. Omaha. G, TO
Louisville s. n. .13, 635 Texas Pacific. 4, 400
Northwestern. $3.50 Union Pacific. $500
New Jersey Cen.26. SO Western Union. IA, 600
r. NJ. NEWPORT g. SON.
INVESTMENT BANKERS,
1852, 1853 and 1874 Drake Block.
ST. PAUL, MIMI.
Sa1t he Eeto